The observation was made on Tuesday during the opening of the Qatar-Belgium Economic Forum, organised by the Ministry of Economy and Commerce in conjunction with the official visit of His Highness the Emir Sheikh Tamim bin Hamad al-Thani to Belgium

He announced opening 25 stores at Al-Khail Mall in Dubai, and for the first time, launched 15 brands at the Avenues Mall in Bahrain — the first outlets under concession agreements with Charlotte Telbury and Grady 400.

The four largest UAE banks, accounting for around 62 per cent of UAE banking sector assets as of December 2017, delivered a solid rise in net profits in the final quarter of 2017, said Nitish Bhojnagarwala, vice president at Moody's.